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Jennifer Flowers collects antique music boxes. As she tires quickly of many of these items, she also sells them through advertisements in various antique oriented

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Jennifer Flowers collects antique music boxes. As she tires quickly of many of these items, she also sells them through advertisements in various antique oriented periodicals and websites. During the current year, she acquired 42 music boxes at a cost of $146,000 and sold 32 for proceeds of $154,000. The cost of the music boxes sold was $123,000. Her advertising costs totaled $12,000. For the current year, Jennifer will report which of the following amounts in her tax return? Because the collecting of music boxes is a hobby, she will not report any income from these activities. Business income of $19,000. A taxable capital gain of $9,500. A taxable capital gain of S19,000

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